Interinsurance Claim Service Organization
Type of organization of property and casualty insurance companies whose objective is to share information on fraudulent claims, handle claims in an expeditious manner, and disseminate public information concerning safeguarding of property. Some interinsurer organizations are the American insurance association (AIA) Index Bureau, insurance crime prevention institute, national association of independent insurance adjusters (NAII), and national automobile theft bureau.
Popular Insurance Terms
Market in which buyers dominate trading and force financial asset prices up. ...
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Contractual rights to a stipulated percentage of the increase in the value of an insurance agency over a given future period of time. They are used to convey a percentage of the increase in ...
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Interruption of insurance provided for in most property insurance policies under circumstances where a substantial increase in hazard has arisen with the knowledge or control of the ...
Legislation passed in California that establishes procedures applicable to any worker who incurs a job-related injury. This act has far-reaching implications for workers compensation ...
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